BBX Capital, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 10, 2022 at 01:44 am IST
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BBX Capital, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 81.32 million compared to USD 58.92 million a year ago. Revenue was USD 83.69 million compared to USD 61.72 million a year ago. Net income was USD 10.46 million compared to USD 20.12 million a year ago. Basic earnings per share from continuing operations was USD 0.68 compared to USD 1.07 a year ago. Diluted earnings per share from continuing operations was USD 0.68 compared to USD 1.07 a year ago.
For the six months, sales was USD 153.54 million compared to USD 118.37 million a year ago. Revenue was USD 159.17 million compared to USD 123.59 million a year ago. Net income was USD 8.64 million compared to USD 22.47 million a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 1.18 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to USD 1.18 a year ago.
BBX Capital, Inc. is a diversified holding company. The Company's principal holdings include BBX Capital Real Estate LLC, BBX Sweet Holdings, LLC and Renin Holdings, LLC (Renin). BBX Capital Real Estate LLC is engaged in the acquisition, development, construction, ownership, financing and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for sale housing communities, warehouse and logistics facilities, and commercial properties located primarily in Florida. BBX Sweet Holdings, LLC is engaged in the ownership and management of operating businesses in the confectionery industry, including ITâSUGAR, a specialty candy retailer. Renin is engaged in the designing, manufacturing and distribution of sliding doors, door systems and hardware, and home decor products. In addition to its own manufacturing activities, Renin also sources various products and raw materials.
BBX CAPITAL, INC. 